These are some of the most frequently asked questions and answers about City Walk in Jumeirah, Dubai.
City Walk is a "bespoke city within the capital". It is uniquely designed integrating shopping, entertainment, hospitality and wellness options in one space.
City Walk is located at Al Wasl, Jumeirah. It's directly accessible from Sheikh Zayed road, less than 10 mins. proximity to Dubai's hottest destinations: Downtown, DIFC, World Trade Center, BoxPark, Four Seasons Hotel, Nikki Beach and Dubai Water Canal. It is also less than 15 km. away from Dubai International Airport.
Keeping up with the new model of City Walk, the complex is housing brand new concepts designed to attract a wider demographic spectrum:
The project will also house signature hotels like FENDI & Marriott, together with retail brands that are discriminatingly selected to make their Middle East debuts.
Being ten years younger than Downtown Dubai - the most prestigious neighborhood in the region. City Walk residences offer ready properties in off-plan prices & a post-handover payment plan. Considerably, City Walk prices are 25% less as compared to a combined Downtown average.
City Walk is smartly designed utilizing maximum space for living areas. The modern scheme includes wooden floorings & gypsum board ceilings with an open kitchen concept that is designed with a serving platform to allow smooth circulation and sociables. Balconies are spacious & rectangular in shape with double glazed transparent railings for a ravishing outdoor experience.
All buildings are encapsulated by glass walls upgraded & tinted for maximum sunlight exposure and heat rejection. City Walk boasts of its maid's room concept that is easily convertible to a study, guest or dressing room and private bathrooms, closets, storages, floor to ceiling windows that are stylishly and functionally designed. Separate private entrances promote the feeling of exclusivity and secures safety among the apartments.
City Walk Residence Phases I & II (consisting of 34 buildings) will be perfectly livable by Q1 2017 (handover to some buildings already started in May 2016). Adjacent phases will be completed within the next 24 months.
Work progress is not dedicated only to heavy construction but as well as to parks, promenades & water features that will be established as well.
Heavy construction work is minimally distracting as all buildings are a maximum of G+5/6.
Currently, City Walk Residence is considered off-plan as it's still being handed over and generally, it comes with the most attractive entry price. However, in a few months and right after summer, when Phase 1 is completed; prices will start picking up.
It's an international behavior everywhere and throughout the ages that once retail outlets start operating & the footfall of the associated areas increase the demand hypes up & prices escalate correlatively. With only 1,700 apartments & a unique retail experience about to become the talk of the town; capital appreciation of City Walk apartments is projected to surprisingly escalate.
There is a variety of allocated parking for City Walk guests whether it's underground by the mall, an open space along The Green Planet, covered visitors' parking by each building or normal curb-side public spots.
City Walk is located at the heart of Jumeirah being directly accessible from Sheikh Zayed road and fewer signals to Downtown or DIFC.
The following improvement have also been made:
Fact: City Walk’s Urban Density is 75% in comparison to Downtown Dubai.
offer against full upfront payment):
Payment plans may vary dependent to the seller & the investor who owns the building. Some will offer a flexible payment plan whilst others will accept only full payment. There are also buildings set to operate for lease only. It's vital to be connected with a trusted real estate broker when dealing with such a unique new concept as City Walk.
Yes, financing is available through most banks bound by their respective terms & conditions.
Expected ROI for the 1st year averages around 5% of the annual net income. However, the more the project matures, the higher the ROI will be. City Walk’s demand is unpredictably high with a very limited supply. Accordingly, price appreciation is exponentially granted & expected to be at %10 to 15% within its first year.
Title deed will be issued upon completion of the full payment.
In the case of a developer's payment plan a property can be rented with a specific "license to occupy agreement" with the developer and can only be resold after 70% payment completion.
Yes. In fact, among thousands of agencies in Dubai, only a handful of qualified companies are licensed for Property Management. fäm Properties have an experienced department, fully dedicated to Property Management. Our services consist of, but not limited to, the following:
Although it's a freehold project, landlords could only own their apartments. With its applauded prestige, Meraas will be managing, maintaining, promoting & upgrading all the common areas in City Walk. Hundreds of retails outlets by the High-Street Boulevard are strategically selected to create a unique street shopping experience.
Leveling to the standards of The Walk at JBR, The Kite Beach & BoxPark; Meraas will be developing & maintaining City Walk's common area (parks, promenades, water features and etc.) to cater it all as a singature living destination.
As we only focus on prime areas & rewarding projects in Dubai, fäm Properties has trained & developed a dedicated team for City Walk. Such devotion has yielded in sales transactions exceeding 1 Billion AED projecting exclusive coverage for half of the entire project.
Connect with your trusted fäm real estate broker for advise on the best available units that suits your requirements or send us an email with your contact information at: [email protected]
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